Measure I Annual Report
The Measure I Citizens’ Oversight Board presented its Measure I Annual Report to the City Council at the September 8 Study Session meeting. The five-member Board, comprised of Chairman Lee Olsen, Vice Chairman David Morfin, and Boardmembers Hal Malkin, Philip Massey, and Juan Noble, was created over two years ago to review revenues and expenditures related to Measure I, the City’s one percent transactions and use tax.
The Board has reviewed financial reports and other information detailing the revenues and expenditures of Measure I funds for the period of July 2014 through June 2015. During the reporting period, a total of $5,793,139 in Measure I payments has been received by the City. Additionally, $4,109,275 was used on Phase 1 and $459,761 for Phase 2 of the City’s neighborhood street rehabilitation projects.
The Oversight Board also received progress updates on the City’s robust slate of capital improvement projects.
“The Oversight Board has verified that the Measure I funds used during the July 2014 through June 2015 reporting period have been for neighborhood infrastructure improvement projects in the community,” says Chairman Lee Olsen who presented the information to the City Council.
The first phase of Measure I funded improvements was completed last summer. Phase 2 of the comprehensive neighborhood infrastructure improvements is currently under construction, and is expected to be completed by spring 2016. Phase 2 includes residential streets in the area bounded by Alondra Boulevard, Biola Avenue, Rosecrans Avenue, La Mirada Boulevard, Ocaso Avenue, Barnwall Street, and Dalmatian Avenue.
The Oversight Board will continue to serve throughout the lifetime of Measure I.
Click here to view the Measure I Annual Report. The report will also be placed in the upcoming issue of the City's newsletter.